If it doesn't work out, they don't get to keep my darn EMD.PHEW.

there is no rule of thumb and BRRRR generally if you pull out all your cash your cash flow will be minimal.the theory is you can build up a portfolio and you suppose to have some built in equity.but the deals are not what they were 5 to 10 years ago.. so while in theory for sure this works and its not a new concept we did these loans routinely prior to the GFC  its just been coined on this site ..

You’ll learn something here and when you find the next deal, it’s clear you’re not afraid to pull the trigger, I’m sure things will work out.

All around this could work out very well for you.    

You need to be making offers everyday.It's not easy at the beginning because you don't have a boss to report to except yourself, so make sure you setup a routine that gets you to your new "job" every day.

If Cashflow numbers work out that could be an ideal cash on cash return on single family house

Has anyone does this, and if so how did it work out for you?

@Bill Brandt but sounds like that may just work out thank you for your answers

Hey @Andy Bauman, my law firm (Gore & Reynolds, PLLC) focuses primarily on real estate law in the Greater Nashville area and we routinely perform double close transactions for wholesalers.

That didn't work out well.